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Ten-year gilt yields hit 19-year high after strong U.S. PPI

U.K. 10-year gilt yields accelerated following U.S. producer price index data. Annual PPI rose 5.4% in August, above the 5.3% consensus forecast in a WSJ poll, lifting inflation concerns.

Story updates

01:11:39 PM UTC
SquawkNews
Yields Rise, August PPI In-Line With Estimates — Market Talk
01:14:08 PM UTC
SquawkNews
Gold Slides as Strong PPI Fuels Fed Rate Hike Bets

This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.